Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : THE WHITE HOUSE -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (6331)	7/16/2007 10:50:32 AM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 25737

Barack bests well-heeled Hil in hottest money race ever BY MICHAEL McAULIFF DAILY NEWS WASHINGTON BUREAU Monday, July 16th 2007, 4:00 AM nydailynews.com WASHINGTON - If money were the decider, Barack Obama would be the next Democratic White House nominee - not the once all-but-coronated Hillary Clinton. After the first six months of the 2008 White House race, the freshman Illinois senator has catapulted himself past one of the world's most famous women, building a bankroll of $34 million to chase his party's nomination. The former First Lady, in spite of getting a running start from her 2006 Senate victory in New York, has $33 million to compete with Obama, according to details released last night. "She's got to be somewhat worried because the gap is likely to grow," said University of Virginia political scientist Larry Sabato, who pointed out Clinton's coffers include $10 million left over from her Senate race. "That's transferred money, not fund-raising," he said. "And she's tapped out a lot of her donors." Clinton's campaign is also saddled with about $3 million in debt, while Obama owes $900,000. Obama and Clinton both got most of their cash in small donations, but Obama has attracted a stunning 258,000 contributors - about 100,000 more than Clinton. "He will be able to go back to them again and again," Sabato said. Team Obama crowed over that fact. "This campaign is about growing the largest grass-roots organization in history from scratch by building from the bottom up," said spokeswoman Jen Psaki. Still, Clinton's campaign isn't exactly facing a cash crunch, and both have bigger sacks of loot than any Democrat has ever held six months before the first showdown in Iowa. "We're thrilled with our success this quarter," said Clinton strategist Howard Wolfson. "These strong figures put us in perfect position to compete and win." Clinton still leads the overall cash race, with $45 million in the bank. But $12 million of that only be spent only if she makes it to the general election. Most of Obama's fund-raising has been aimed at the primary, so his overall balance of $36 million includes just $2 million to face off with a Republican in the general election. The next closest competitor is 2004 vice presidential nominee John Edwards. He had just over $13 million in the bank, with just over $12 million for the primary. Edwards spokesman Eric Schultz said the campaign is on track to raise the $40 million it thinks it needs before the Iowa caucus next Jan. 14. mmcauliff@nydailynews.com